I think we'll all have something to say about this. I'll start with something very brief, which you mentioned: patenting.
To me, when somebody says “patents” and “Waterloo” I think about Desire2Learn, which is a great company. It has been a great success story. It had a real existential moment when it was attacked by a patent troll in the United States, which is a very important market, obviously.
You're an engineering student who has a great start-up, and you have this fantastic idea. It's software, so you don't need a huge investment to get going. But what do you know about defending yourself against aggressive patent litigation? Probably not a lot. The question arises: what do you know about where to patent, when to patent, what to patent, and how to design your patent?
One thing that the Canadian Intellectual Property Office is doing is making sure that there is a basic level of awareness of the IP system and the way it works. That is a really important role, which it is playing right now in places such as Waterloo.